Posted by: Kathy Temean | August 30, 2009

Good First Half at Hachette

Yay! We need some good news!
Earnings Soar at Hachette in First Half of 2009
Lagardere reported complete results for the first six months of their fiscal year today (having already reported preliminary sales in July). The publishing division’s EBIT was 112 million euros, up by 61% from last year, on sales of 1.009 billion euros. The company congratulates itself on their “excellent performance” and exudes that it was “all the more remarkable given that the publishing sector is actually contracting slightly in all the markets where we operate.”  The US Book market makes up 27% of their company.  Most of us know them for Little, Brown and Company.

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